CMA CGM looking to acquire 24.99% of logistics firm
CMA CGM has received regulatory approval regarding its investment in CEVA Logistics.
French shipping line CMA CGM will hold 24.99% of CEVA’s share capital when the deal goes through.
CMA CGM is the world’s third largest liner.
The move to acquire a logistics specialist is further evidence of liners scrambling to have an influence in end-to-end operations.
In a changing supply chain, liners and global multinationals are increasing their scope and attempting to streamline their logistic operations, and having greater influence along the non-sea supply chain is where the big names are investing.
World-leading liner Maersk has invested heavily in its logistics range also, while giants such as Amazon have registered to become shippers.
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